Post Utme Redeemers University 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A government agency has the following transactions: a cash receipt of ₦100,000, a cash payment of ₦50,000, and a transfer of ₦20,000 to a restricted fund. What is the net increase in the agency's cash balance?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Redeemers University 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Redeemers University Accounting examination.

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